Today, the Federal Reserve released their monthly read of industrial production and capacity utilization showing an increase in December with total industrial production climbing 0.31% since November and rising 3.68% above the level seen in December 2012.
Capacity utilization also improved climbing 0.14% from November and rising 1.81% above the level seen in December 2012 to stand at 79.20%
It's important to recognize that though the "recovery" is well over two years old, both industrial production and capacity utilization are notably below the peaks set in late 2007.
